Local News
Illinois Home Foreclosure Activity Rose 32.6% In 2012
CHICAGO (AP) - Illinois home foreclosure activity rose 32.6 percent in 2012 compared to the previous year. But it was almost 10 percent lower than in 2010.
A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 136,603 foreclosure filings last year. That represents a rate of one in every 39 housing units, or 2.58 percent of all homes. It's the fifth-highest rate in the nation. Filings include default notices, auction-sale notices and bank repossessions.
Florida had the nation's highest foreclosure rate - one in every 32 housing units. Other states with foreclosure rates worse than Illinois were Nevada, Arizona and Georgia. Nationally, last year's foreclosure activity fell almost 3 percent from 2011. That was 36 percent lower than in 2010.
See other LocalNews news:
Fifth Illinois County Supports 'Fracking' MoratoriumPolice Beat for Monday, May 20th, 2013
Salem Sues To Try and Recover Money From Defunct Klassic Kollections II Project
Illinois Governor Reviewing Medical Marijuana Bill
Governor Quinn: Illinois Has Chance to Make History
Follow Us At